ICSA (India) Limited appoints Managing Director and Non-Executive Director for 5-year terms

2 min read Updated on 02 May 2026, 10:22 PM

Reviewed by

Anirudha BScanX News Team

AI Summary

ICSA (India) Limited announced board appointments effective May 2, 2026, appointing Venkateswar Nellutla as Managing Director and Mallour Rajesh Kumar as Non-Executive Non-Independent Director, both for 5-year terms subject to shareholder approval, along with authorizations for board reconstitution and auditor appointments.

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ICSA (India) Limited has announced significant board changes following a meeting of its Board of Directors held on May 2, 2026. The meeting, which commenced at 11:00 AM and concluded at 1:00 PM IST, resulted in key appointments that will shape the company's leadership structure. The company, an ISO 9001:2008 certified entity with CIN No. L72200TG1994PC016969, communicated these developments to both BSE Limited (Scrip code: 531524) and National Stock Exchange of India Limited (Symbol: ICSA) pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Board Appointments

The board approved two major appointments during the meeting. Mr. Venkateswar Nellutla (DIN: 09261084) has been appointed as Managing Director for a period of 5 years, pursuant to Section 203 of the Companies Act, 2013. Additionally, Mr. Mallour Rajesh Kumar (DIN: 08125774) has been appointed as Non-Executive and Non-Independent Director for a 5-year term under Sections 149(6), 150, and 152 of the Companies Act, 2013. Both appointments are subject to approval by the company's shareholders.

Position	Name	DIN	Term	Appointment Date
Managing Director	Mr. Venkateswar Nellutla	09261084	5 years	May 2, 2026
Non-Executive Director	Mr. Mallour Rajesh Kumar	08125774	5 years	May 2, 2026

Professional Background

Mr. Venkateswar Nellutla brings extensive experience to his new role as Managing Director. He is a senior business leader with over 27 years of experience in Delivery Management, Operations, and Strategic Planning. His expertise includes driving organizational growth, optimizing operational efficiency, and leading large-scale business transformations, with a proven track record of building high-performing teams across diverse industries. Mr. Mallour Rajesh Kumar is an experienced finance leader with over two decades of expertise across financial management, strategy, and compliance.

Additional Board Authorizations

Beyond the key appointments, the board granted several important authorizations. The directors were empowered to reconstitute the board and appoint new directors as needed, while also addressing pending compliances required under MCA, SEBI, and other regulations. Specific authorization was given to Mr. Mallour Rajesh Kumar and Mr. Venkateswar Nellutla to consider applications for appointing Independent Directors and Key Managerial Personnel as per applicable law.

Governance and Compliance

The board also authorized the consideration and appointment of Statutory Auditors and Secretarial Auditors, demonstrating the company's commitment to maintaining robust governance standards. Both newly appointed directors have confirmed they are not related to any existing directors as defined under Section 2(77) of the Companies Act, 2013, and neither is debarred from holding directorial positions by SEBI or any other authority in accordance with the BSE circular dated June 20, 2018.